APAC to Lead World’s Advanced Ceramics Market, According to Insightful M&M Report Available at MarketPublishers.com16 Mar 2017 • by Natalie Aster
LONDON – Expanding usage of advanced ceramics as an alternative to plastics and metals together with escalating demand from the medical industry, fuels growth in the world’s advanced ceramics market. Between 2017 and 2021, the market is set to increase at a 6.5% CAGR to reach the value of USD 10.41 billion by the year 2021.
On the basis of material, the silicon carbide sector is anticipated to increase at the highest CAGR through 2021, driven by exceptional properties of this material (including high strength, low weight, excellent thermal shock resistance, low thermal expansion, high chemical and wear resistance) along with increasing usage of end-use industries like transportation, electronics, healthcare, etc.
APAC is predicted to lead the world’s advanced ceramics market between 2017 and 2021. The region has a well-established advanced ceramics market and possesses a vast distribution network. China will likely dominate the APAC advanced ceramics market, primarily due to its large industrial base. Meanwhile, India is expected to see the highest CARG in the region through 2021.
Insightful MarketsandMarkets (M&M) report “Advanced Ceramics Market by Material, Class, End-Use Industry, and Region - Global Forecast to 2021” includes an insightful review of the world’s advanced ceramics market, covers prevailing and emerging trends, explores the market dynamics and also reviews historical background and current scenario. It delves into competitive landscape, regulative scenario, touches upon important industry aspects, profiles top companies, analyses the market segmentation, examines the main market growth limiters and drivers, points out the major growth threats and opportunities as well as comprises future projections for the worldwide advanced ceramics market up to 2021.
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